Senior Associate – Compliance Solutions

Waystone leads the way in specialist services for the asset management industry.

Partnering with institutional investors, investment funds and asset managers, Waystone builds, supports and protects investment structures and strategies worldwide.

With over 20 years’ experience and a comprehensive range of specialist services to its name, Waystone is now serving assets under management in excess of $2Tn.
Waystone provides its clients with the guidance and tools to allow them to focus on managing their investment goals with confidence.

Summary: Reporting to the Director - Compliance Services, the Senior Associate – Compliance Solutions will be an integral part of the team’s success. Our aim at Waystone is simple: to enable our clients to navigate the complex regulatory environment with confidence. At Waystone, we have brought together the experience, the expertise, and the global reach to give you the certainty you need to address the ever-changing regulatory world.


ESSENTIAL DUTIES AND RESPONSIBILITIES
• Providing day to day support to clients and colleagues in executing compliance, and AML deliverables.

• Undertaking the role of Compliance Officer/MLRO and possibly Risk Officer.
• Develop, initiate, maintain, and revise policies and procedures to ensure compliance with various regulatory requirements.
• Drafting and/or executing a compliance monitoring and testing program and performing deskbased reviews to ensure compliance with regulatory and internal procedures.
• Commitment to minimum continuing professional development requirements, in accordance with internal and external standards.
• Assist and/or providing training on compliance, AML, and corporate governance.
• Providing outsourcing, authorization, and projects support to ADGM, DIFC, and onshore firms.
• Ensuring that the regulatory returns and relevant notifications are submitted on a timely basis and acting as a point of contact with the regulator.
• Undertaking client on-boarding/KYC.

• Be the first point of contact for internal suspicious activity reports and when submitting external.
• suspicious activity reports to the financial intelligence unit and regulator.
• Manage client’s expectations.
• Attending and contributing to internal meetings.
• Working with senior staff in investigating and responding to raised compliance risk management issues and preparing routine correspondence.
• Assisting in promoting the firm at various industry and promotional events or producing certain publications.

• Keeping abreast of relevant laws and regulations.
• Commitment to continued learning, remaining well-informed regarding internal standards, and business goals/knowledge sharing.
• Responsible for maintaining timesheets daily and are expected to meet certain targets on a weekly basis, as set by management.
• Responsible for maintaining, keeping up-to-date, and accurate client files.

• Assisting in the drafting and preparation of proposals and engagement letters.

Experience:
• The Senior Associate must have a minimum of 3 years’ experience either in Compliance, AML or at the Regulators and preferably educated to degree standard (or equivalent).
• A Senior Associate is expected to obtain an AML or Compliance certificate within 3 months of joining.
• A Senior Associate should be a well-versed candidate, from within the Compliance, AML, and Risk Management space, who can act in a vigorous and independent manner to develop both policy, and culture across the organization.

Education: • Internationally 3rd level professional qualification required.